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Mortgage Market Update
Carolyn Triebold
Carolyn Triebold
Tuesday, September 8, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to talk about something that builds quietly in the background of homeownership—and often goes unnoticed until you need it.
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National Mortgage Rates · September 3, 2026
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Conventional 30-Year
6.71%
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Building
Your home's equity is working for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this grows into real wealth. If your home has appreciated or you've paid down your loan, you may have accumulated more equity than you realize. That equity can be tapped for major expenses, home improvements, or even consolidating other debt, depending on your situation and what lenders will approve. The sooner you understand what you have available to you, the sooner you can make informed decisions about your money. If you're curious whether your equity position has changed, I'd love to walk you through it. Reach out and we can talk about what your equity means for your next move.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Carolyn Triebold team any time and we'll walk you through your options. |
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